Conning Inc. lowered its position in shares of Archer Daniels Midland Co. (NYSE:ADM) by 9.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 557,503 shares of the company’s stock after selling 56,374 shares during the period. Conning Inc.’s holdings in Archer Daniels Midland were worth $23,911,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ADM. Butensky & Cohen Financial Security Inc. boosted its position in shares of Archer Daniels Midland by 0.3% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 39,252 shares of the company’s stock worth $1,684,000 after buying an additional 115 shares in the last quarter. CHICAGO TRUST Co NA boosted its position in shares of Archer Daniels Midland by 1.8% in the second quarter. CHICAGO TRUST Co NA now owns 8,501 shares of the company’s stock worth $364,000 after buying an additional 152 shares in the last quarter. Physicians Financial Services Inc. boosted its position in shares of Archer Daniels Midland by 3.1% in the second quarter. Physicians Financial Services Inc. now owns 7,394 shares of the company’s stock worth $317,000 after buying an additional 223 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of Archer Daniels Midland by 1.6% in the second quarter. 1st Global Advisors Inc. now owns 15,213 shares of the company’s stock worth $652,000 after buying an additional 241 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock worth $174,000 after buying an additional 250 shares in the last quarter. 72.78% of the stock is currently owned by institutional investors.

Archer Daniels Midland Co. (NYSE:ADM) traded up 1.57% during midday trading on Wednesday, hitting $42.81. The company had a trading volume of 3,072,139 shares. The stock has a 50 day moving average price of $43.33 and a 200 day moving average price of $40.91. Archer Daniels Midland Co. has a 52 week low of $29.86 and a 52 week high of $47.03. The company has a market capitalization of $24.91 billion, a P/E ratio of 17.32 and a beta of 1.08.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 2nd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. The firm earned $15.63 billion during the quarter, compared to analysts’ expectations of $16.57 billion. Archer Daniels Midland had a return on equity of 6.88% and a net margin of 2.35%. Archer Daniels Midland’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities analysts forecast that Archer Daniels Midland Co. will post $2.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were given a $0.30 dividend. The ex-dividend date was Monday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. Archer Daniels Midland’s dividend payout ratio is currently 48.58%.

A number of equities analysts recently weighed in on the company. Vetr raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price objective on the stock in a report on Tuesday, September 6th. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.93 to $54.00 in a report on Thursday, August 4th. BB&T Corp. assumed coverage on Archer Daniels Midland in a report on Tuesday, July 12th. They set a “hold” rating on the stock. Zacks Investment Research cut Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Morgan Stanley reissued a “hold” rating on shares of Archer Daniels Midland in a report on Thursday, June 16th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $45.07.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 41,525 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $45.00, for a total transaction of $1,868,625.00. Following the sale, the insider now directly owns 198,028 shares in the company, valued at $8,911,260. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.15% of the stock is owned by corporate insiders.

About Archer Daniels Midland

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